Leveraging Contracts To Control Spend Leakage

Author: Gurjeet Tuteja

Posted Date: 8/29/2007

Summary:Today, Contract Management has gained immense visibility due to competitive pressure, global sourcing initiatives and SOX regulatory mechanism. Not all the contract implementations have been smooth. This paper discusses in brief about opportunity, challenges and recommends an Inverted Funnel Approach. An Inverted Funnel Approach will ensure right implementation strategy for this initiative.